The world's 20 richest football clubs 2018
As far as their finances are concerned, the 2016/17 season was the most extraordinary yet for a number of high-profile football clubs in Europe.
Teams in the Premier League were strengthened significantly as they felt the impact of the first year under their league's broadcasting deal, worth a record £5.136 billion.
The deal has led to a change in some of the members of Deloitte's top league, as a record ten teams from England's top flight make the list this year, including some surprise names.
Click through to find out who made the top 20.
2017 revenue: £171.2 million
2017 ranking: n/a (new)
'After narrowly missing out in the 2017 edition, Everton return to the Money League top 20 for the fourth time, thanks to a seventh place Premier League finish and improved commercial revenue.'
2017 revenue: £172.5 million
2017 ranking: n/a (new)
'SSC Napoli return to the Money League top 20 for the first time since the 2015 edition after a successful 2016/17 season which saw them progress to the Champions League Round of 16, and finish third in Serie A.
'This drove broadcast revenue up 51% to £129.1 million, more than their entire revenue in 2015/16.'
2017 revenue: £182.3 million
2017 ranking: n/a (new)
'Southampton enter the Money League top 20 for the first time as they consolidated their top ten Premier League status with an eighth place finish and reached the Europa League Group stage.
'Europa League participation, coupled with the new Premier League broadcast contracts, boosted broadcast revenue to £143m, a growth of 58%.'
17: West Ham
2017 revenue: £183.3 million
2017 ranking: 18th
'Like all other Premier League clubs, West Ham United’s place in the top 20, for only the fourth time, owes much to the improvement in the value of central broadcasting rights.
'Nonetheless, their highest ever position of 17th (in the Deloitte Money League) is also thanks to their move to the London Stadium.'
16: FC Shalke
2017 revenue: £197.8 million
2017 ranking: 14th
'A 15th consecutive top 20 position for Schalke who, despite a £3.25 million decrease in commercial revenue, saw overall revenue growth of 3% to £202.3 million.
'A quarter-final exit from the Europa League went some way in making up for the club’s failure to qualify for the Champions League, with Schalke receiving a UEFA distribution of £15.55 million, over £6.15 million more than they received in the previous year.'
15: Inter Milan
2017 revenue: £225.2 million
2017 ranking: 19th
'Ever-present in the Money League, Internazionale’s resurgence, up four places to 15th, has been driven by a remarkable £66 million (137%) increase in commercial revenue, following the club’s acquisition by Chinese electronics retailer Suning in June 2016.'
14: Leicester City
2017 revenue: £233 million
2017 ranking: 20th
'Whilst Leicester couldn’t repeat their incredible feat of winning the Premier League in 2016/17, their achievements in reaching the quarter-final of the Champions League, coupled with the growth in the Premier League broadcast arrangements, helped boost total revenue by £104.3 million.
'The Foxes’ title winning success helped to attract new commercial partners and a range of new deals were agreed, giving a boost to commercial revenue in 2016/17.'
13: Atletico Madrid
2017 revenue: £234.2 million
2017 ranking: 13th
'Broadcast revenue increased by £18.97 million to £141.43 million despite a £7.91 million reduction in UEFA distributions, with the club exiting the 2016/17 Champions League at the Semi-final stage, having been runners-up in 2015/16.'
12: Borussia Dortmund
2017 revenue: £285.8 million
2017 ranking: 11th
'Borussia Dortmund slip a place down the Money League to 12th, despite revenue being significantly boosted by increased UEFA distributions as the club returned to the Champions League.
'The club also cite that an increase in commercial revenue is in part thanks to a concerted effort to improve their brand internationally and an increased number of international tours generated improved sponsorship arrangements.'
11: Tottenham Hotspur
2017 revenue: £305.6 million
2017 ranking: 12th
'Spurs edge up the Money League into 11th position mainly due to an increase of £77.8 million in broadcast revenue helped by
the club’s participation in the Champions League.
'The final season before the redevelopment of White Hart Lane, saw a £4.5 million (11%) increase in matchday revenue, although this is predominantly due to Spurs hosting their home Champions League matches at Wembley Stadium.'
2017 revenue: £348.6 million
2017 ranking: 10th
'Juventus are tenth in the Money League for the fourth year running following a season which saw them become the first team to win six consecutive Serie A titles, as well as another Coppa Italia.
'However, their performance in the Champions League, finishing as runners-up and earning them the highest ever UEFA distribution of
£96.96 million, was the key factor in driving a £58.67 million (20%) increase in revenue.'
2017 revenue: £364.5 million
2017 ranking: 9th
'Liverpool remain in ninth place for the fourth consecutive year, as the composition of the top ten has remained unchanged
over the same period.
'2016/17 saw the opening of the newly developed Main Stand at Anfield and, despite not being in a European competition, matchday revenue increased by £12 million (21%) to £68.8million as Liverpool finished in fourth place, qualifying for the Champions League in 2017/18.'
2017 revenue: £367.8 million
2017 ranking: 8th
'Chelsea remain in eighth position in the Money League during a season which saw them win the Premier League title, but not
compete in UEFA competitions.
'The impact on revenue from not participating in the Champions League, which meant they missed out on a UEFA distribution (£60.75 million in 2015/16) and saw matchday revenue fall £4.2 million (6%), was more than offset by the increase in central distributions from the Premier League.
'Commercial revenue also grew by £17.8 million.'
7: Paris Saint-Germain
2017 revenue: £417.8 million
2017 ranking: 6th
'PSG slip to seventh in the Money League as revenue fell by £30.46 million (7%) to £426.91 million.
'A worsening of on-pitch performance in 2016/17, as PSG finished second in Ligue 1 and only reached the Round of 16 in the Champions League, was reflected in a decrease in commercial bonuses received from commercial partners, resulting in a £27.4 million (10%) decrease in commercial revenue.'
2017 revenue: £419 million
2017 ranking: 7th
'Arsenal climb to sixth, for the first time since 2011/12, jumping ahead of Paris Saint-Germain.
'This is due almost entirely to the new Premier League broadcast arrangements which saw Arsenal receive close to £140m in central revenue, nearly £40 million more than in 2015/16.'
5: Manchester City
2017 revenue: £453.5 million
2017 ranking: 5th
'Manchester City are in the Money League top five for the second consecutive year, after growth in both broadcast and
'The impact of the Premier League broadcasting deals saw broadcast revenue increase by over £40 million and a suite of new commercial partners helped to boost commercial revenue by almost £20 million.'
4: Bayern Munich
2017 revenue: £505.1 million
2017 ranking: 4th
'Bayern have the highest commercial revenue of any football club globally, supported by long-standing investment agreements, but their inability to grow revenue in 2016/17 (the only top five club
to suffer a revenue decrease in their home currency) highlights the challenges facing all German clubs, as others around Europe continue to grow and develop.'
3: FC Barcelona
2017 revenue: £557.1 million
2017 ranking: 2nd
'As forecast last year, the strong performance of Real Madrid and Manchester United prevents Barça from becoming only the third club to top the Money League.
'Matchday revenue grew thanks to an increase in hospitality usage whilst commercial revenue remained relatively flat.
'Broadcast revenue increased by €12.2m as the impact of the Spanish centralised selling arrangement kicked in.'
2: Real Madrid
2017 revenue: £579.7 million
2017 ranking: 3rd
'After dropping out of the top two Money League clubs last year for the first time since 2002/03, Real Madrid jump above their arch rivals, FC Barcelona, back into second place.
'Revenue grew by over €50m, with a €38m uplift in commercial revenue driving this.
'The continued on pitch success, in particular winning the Champions League for the 12th time, translated into commercial growth, both in the sale of merchandising and increases in
1: Manchester United
2017 revenue: £581.2 million
2017 ranking: 1st
'Whilst the Europa League has historically been viewed as the financial minnow compared with the Champions League, United’s €44.5m UEFA distribution after winning the competition is the critical factor in keeping them ahead of Real Madrid and Barcelona.
'This is over four times greater than the amount received
by Atlético de Madrid when they won the competition in 2011/12, reflecting UEFA’s drive to ensure that both competitions provide appropriate financial reward.'